 | This is general advice only and is a brief summary. For full details visit click here and seek specific advice. How much? $25,000 How? Sign a contract to build a new home or substantially renovate existing home. When? Contract entered into between 4 June 2020 and 31 December 2020. Construction must be started within 3 months of signing the contract |
Tests? Individuals earn $125k or less
Couples earn $200k or less.
Value of property after build cannot exceed $750k
Value of property to be renovated cannot exceed $1.5m prior to renovation
Renovation contract must be between $150k and $750k.
Limits? Owner builders are excluded
Investors are excluded
Trusts and corporations are excluded
Contract cannot be between related parties
Renovation must be to improve the main dwelling and cannot be an external addition such as a spa or garage.
Who? Owner occupiers only
Natural persons
Australian citizen
18 years or older
To discuss the Federal Home Builder Grant in more detail, or to find out how much you qualify to borrow, contact us for an obligation free appointment.
Couples earn $200k or less.
Value of property after build cannot exceed $750k
Value of property to be renovated cannot exceed $1.5m prior to renovation
Renovation contract must be between $150k and $750k.
Limits? Owner builders are excluded
Investors are excluded
Trusts and corporations are excluded
Contract cannot be between related parties
Renovation must be to improve the main dwelling and cannot be an external addition such as a spa or garage.
Who? Owner occupiers only
Natural persons
Australian citizen
18 years or older
To discuss the Federal Home Builder Grant in more detail, or to find out how much you qualify to borrow, contact us for an obligation free appointment.
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